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Retail Forex Trading Industry in 2021: Is It Possible to Sustain Growth?

List Forex Trading Industry in 2021: Is It Possible to Sustain Growth?

This particular season has long been a fascinating one for forex traders around the planet, coronavirus pandemic, lockdowns and unprecedented volatility fueled trading tasks and resulted in high volumes with the record breaking inclusion of new traders. The retail forex sector was dealing with a hard challenge before 2020 because of regulatory concerns across the world as companies began reporting a dip of volumes. Many brokers shut offices in various areas of the earth because of regulatory problems.

In March 2020, because of a substantial outbreak of COVID-19, lockdowns restricted traveling, and people were likely to remain at home. Fiscal markets started reacting and that resulted in several trading opportunities throughout different assets. As a result of high volatility of the forex market, pre-existing traders started out increasing their exposure to make use of brand-new trading opportunities as new traders entered the market. To be a result, forex brokers registered new clients and record volumes. These days that 2020 is about to end, the actual question arises, can it be easy for the list forex trading sector to retain the substantial growth it attained during 2020? We asked industry experts for the take of theirs on the list forex trading industry in 2021.

“One main consequence of the pandemic has been the move to working from home, both for brokers and traders alike. The COVID 19 outbreak has also resulted in unprecedented volatility. These have been some of the drivers for the huge increase in trading volume seen since March, as traders had more time on the hands of theirs on account of a lesser amount of travel and lockdowns overall, and were also searching for new interests to develop since they’d newfound time to dedicate. So, not just were present traders increasing their volumes but several firms have seen record amounts of completely new traders enter the industry. It was definitely the case for Exness regarding both volumes as well as brand new clients,” Moyes believed.

Alternative Growth
“Initially in March if the pandemic broke out globally, there was a big upsurge of volatility which, along with all the newcomers, was driving volumes to unprecedented levels. Although there was the inevitable small drop off in the months immediately after, volume levels had continuously increased across the year with levels far exceeding those prior to the pandemic. For many firms, the increases might well be sustainable because of the number of new clients. In addition, circumstances around the spare time of individuals and working from home have changed almost no since earlier in the year, consequently, the same drivers for improved volumes still use. We’re receiving about eighty % of the March volatility volume in Exness and currently running near to a fifty % increase from this time last year,” the Chief Commercial Officer at Exness added.

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